Hello
I am new on PRO trading... till now I had made my own tips on futbol or laying on horses, but i need to increase my business areas, so...
Can you tell me the criteria you suggest me to choose a race that could be good to bet on(minutes to start, minimum money volume, minimum horses, ...)
After choosing the race, what criteria do you suggest me to choose the drifter?(Volume movements, orders pending, CHARTING WITH TECHINCAL INDICATORS, ...)
I need to know how to identify that a market will move and how will it make it.
Thanks a lot for your help!
I have been looking for sites with info, but the only sources i find are courses to introduce me on trading... I am from Spain, and I won't travel abroad just to an introductory course, but if somebody knows if there is a course or a manual that will teach me to identify the movements of the markets I would make the effort.
Criteria to select a race and a horse to trade on?
That's a lot of questions in one post!
There is a lot of differing opinion on what suits one person over another so I don't think there is a one fits all method. Have a browse of the forum for discussions on what you should and shouldn't do and how.
Here are a couple of threads you may want to read: -
viewtopic.php?f=5&t=1850
viewtopic.php?f=2&t=159
viewtopic.php?f=5&t=915
There is a lot of differing opinion on what suits one person over another so I don't think there is a one fits all method. Have a browse of the forum for discussions on what you should and shouldn't do and how.
Here are a couple of threads you may want to read: -
viewtopic.php?f=5&t=1850
viewtopic.php?f=2&t=159
viewtopic.php?f=5&t=915
Over the years this choosing of a market has become more important. Both bookmakers and traders have made the markets ultra efficient with every nugget of information moving prices.
Due to the increase of Betfair members we now have every nuggett reacted to both positively and negatively. When a market becomes "correct" there leaves less room for value trades. However in recent months imo the bookmakers have decided to fight back as they see their profits and turnover reduced by punters/traders moving to Betfair, and they want their slice of the action back.
The Horse racing market is becoming less efficient in alerting traders to winners and losers. There has been a shift from the old strategy of shortening potential winners and lengthening losers by the bookies, now they are deliberately imo confusing the market to make a profit on the race as opposed to finding the winner.
Turnover and market share for the bookies is what they want as opposed to garnering bigger profits from individual races. Betfair with their move to sp betting and highlighting that their odds are the best has kick started the bookies in to fighting back, with Best Odds Guaranteed the most visible action of this fight back.
So if the market is less efficient this makes race reading harder for everyone. Therefore races that on paper are ultra competitive are even more competitive with the market giving less proper clues.
Also traders strategy of playing in every race to build profits as opposed to the old way of selective punting has further confused things, bloggers that highlight small profits from lots of races have steered the market to this strategy, and that is now seen as the modus operandi for successfull trading.
I would ask can you read/trade one or two markets better than 20 markets?. If the answer is yes look for a market with the bookies and betfair that is predicted to be less competitive, then opens up less competitive and then continues in that vein. You cannot watch 20 markets a day (properly) despite the brilliance of Bet angel. If you watch a couple the story of the market will unfold and you will solve the puzzles in front of you.
Due to the increase of Betfair members we now have every nuggett reacted to both positively and negatively. When a market becomes "correct" there leaves less room for value trades. However in recent months imo the bookmakers have decided to fight back as they see their profits and turnover reduced by punters/traders moving to Betfair, and they want their slice of the action back.
The Horse racing market is becoming less efficient in alerting traders to winners and losers. There has been a shift from the old strategy of shortening potential winners and lengthening losers by the bookies, now they are deliberately imo confusing the market to make a profit on the race as opposed to finding the winner.
Turnover and market share for the bookies is what they want as opposed to garnering bigger profits from individual races. Betfair with their move to sp betting and highlighting that their odds are the best has kick started the bookies in to fighting back, with Best Odds Guaranteed the most visible action of this fight back.
So if the market is less efficient this makes race reading harder for everyone. Therefore races that on paper are ultra competitive are even more competitive with the market giving less proper clues.
Also traders strategy of playing in every race to build profits as opposed to the old way of selective punting has further confused things, bloggers that highlight small profits from lots of races have steered the market to this strategy, and that is now seen as the modus operandi for successfull trading.
I would ask can you read/trade one or two markets better than 20 markets?. If the answer is yes look for a market with the bookies and betfair that is predicted to be less competitive, then opens up less competitive and then continues in that vein. You cannot watch 20 markets a day (properly) despite the brilliance of Bet angel. If you watch a couple the story of the market will unfold and you will solve the puzzles in front of you.